$395,000

308-310 E State Street, Rockford, IL 61104

  • 3 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1879
  • Property Lot Size Icon871sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John's, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing downtown development, this property enjoys excellent visibility and a prime location in Rockford's revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 7:20AM
Listing Office:
Key Realty - Rockford : 815-713-1100
Listing Agent:
Jorge Da Silva : 815-713-1100
MLS ID:
12589307
  • Basement: UnfinishedFull
  • Heating: Natural GasForced Air
  • Parking: Parking spaces: 0
  • Originating MLS: mred
  • School District: 205
  • County: Winnebago
  • Zoning: 1123382019
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Jorge Da Silva , Key Realty - Rockford

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Constance Lane Elementary School

620 Gregory St, Rockford, IL, 61104

Grades KG-5

0.70 miles away

L

Lincoln Middle School

1500 Charles St, Rockford, IL, 61104

Grades 6-8

1.04 miles away

R

Roosevelt Center

978 Haskell Ave, Rockford, IL, 61103

Grades 9-12

0.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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